Landmarc Leisure Corporation Limited announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, reporting a net loss of ₹19.11 lakhs. The Board of Directors approved the quarterly results at their meeting held on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results with revenue growth but continued losses. Total income from operations increased to ₹6.14 lakhs compared to ₹3.46 lakhs in the corresponding quarter of the previous year.

Segment-wise Revenue Performance

The company operates across multiple business segments with varying performance levels during the quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported a net loss of ₹69.70 lakhs compared to ₹27.44 lakhs in the corresponding period last year. Total income for the nine-month period stood at ₹10.77 lakhs, significantly lower than ₹50.79 lakhs in the previous year.

Corporate Actions and Fund Utilization

During the quarter, Landmarc Leisure Corporation redeemed 2,54,000 cumulative redeemable preference shares of ₹100 each, totaling ₹254 lakhs. The redemption was executed using proceeds from the preferential issue completed in October 2025.

The raised funds are being utilized for content creation across three key areas: Marathi movies content library, Hindi movies content, and music content creation, along with general corporate purposes and working capital requirements.

Business Strategy Shift

The management announced a strategic decision to reduce focus on wellness activities and concentrate on films, media, and TV channel business. The company is restructuring agreements with parties to whom advances and security deposits have been given to utilize resources more effectively for developing the entertainment business.

Key Financial Highlights

• Paid-up equity share capital increased to ₹9,800.00 lakhs from ₹8,000.00 lakhs
• Basic and diluted earnings per share stood at ₹(196.95) for Q3 FY26
• Employee benefit expenses increased to ₹12.04 lakhs from ₹8.30 lakhs in Q3 FY25
• Other expenses rose to ₹12.96 lakhs compared to ₹10.62 lakhs in the previous year quarter

The company's auditors issued a qualified review report highlighting concerns about interest-free loans totaling ₹466.60 lakhs given to four parties and provisions related to advances given to companies under insolvency proceedings.

Landmarc Leisure Corporation , a company operating in the leisure and entertainment sector, has reported a significant increase in losses for the half-year ended September 30, 2025, along with a sharp decline in revenue. The company also faces several compliance and financial challenges that may impact its future operations.

Financial Performance

The company's financial results for the half-year period reveal a concerning trend:

The substantial increase in net loss and the dramatic decline in revenue indicate significant challenges in the company's core business operations.

Segment Performance

Landmarc Leisure Corporation operates in three main segments:

1. Packaged Bottle Business
2. Motion Pictures Business
3. Consultancy Services

The Motion Pictures Business segment, which was previously a major revenue generator, saw a substantial decline. In the half-year ended September 30, 2025, this segment reported revenue of Rs 1.94 crore, compared to Rs 39.00 crore in the same period last year.

Financial Concerns

The company's financial statements reveal several areas of concern:

1. Potentially Doubtful Deposits: Landmarc Leisure has reported Rs 3,718 crore in deposits with parties under insolvency proceedings. This includes:
   • Rs 2,218.28 lakh deposit with SKM Real Infra Limited (formerly SKM Fabrics (Andheri) Limited)
   • Rs 1,500 lakh security deposit with Shree Ram Urban Infrastructure Limited (SRUIL)

Both these companies are undergoing resolution under the Insolvency and Bankruptcy Code (IBC), raising questions about the recoverability of these deposits.

2. Interest Income Recognition: The company has decided to recognize interest income from these deposits only on a receipt basis, which may impact its reported income.

Compliance Issues

Landmarc Leisure Corporation is facing several compliance-related challenges:

1. Audit Trail Non-Compliance: The company has not complied with the provision of maintaining an edit log during the current quarter as required under the Companies Act.

2. Delayed Submission: The Limited Review Report for the financial results was not submitted to BSE within the prescribed timeline, although other financial documents were filed on time.

3. Gratuity Valuation: The company has not carried out actuarial valuation as per the recommendations of Ind AS 19 issued by ICAI, instead providing for Gratuity on an accrual basis as per Management Estimates.

Capital Raising Efforts

Despite the challenges, the company is making efforts to raise capital. The Board of Directors has approved the issuance of equity shares with a face value of Rs 18 crore each at a price of Rs 1.1 per share, aggregating to Rs 19.98 crore on a private placement basis. As of September 30, 2025, the company had received Rs 3.51 crore as share application money.

Outlook

The significant increase in losses, coupled with the sharp decline in revenue and ongoing compliance issues, presents a challenging outlook for Landmarc Leisure Corporation. The company's ability to recover deposits from entities under insolvency proceedings and its success in raising additional capital will be crucial factors in determining its future financial stability and operational viability.